Later Activities
After leaving office, Vranitzky served as Organization for Security and Co-operation in Europe representative for Albania from March to October 1997, before returning into the banking sector, as political constultant of the WestLB bank. In December, he was elected to the board of governors of automotive supplier Magna. He later occupied the same position for the tourism company TUI and Magic Life hotels.
In June 2005, he donated one of his kidneys to his wife Christine, who suffered from chronic kidney failure.
He actively supported his party's frontrunner Alfred Gusenbauer in the 2006 elections. During the campaign, it was revealed that in 1999 Vranitzky had received one million Shilling as a consultant for BAWAG bank, which was then under public scrutiny. It was alleged the payment was made without any service in return and that it constituted an "indirect party funding". Vranitzky denounced this allegation.
Vranitzky chairs the quarterly Vranitzky colloquia, organised by the study group WiWiPol, which discusses economic topics and their impact on Austria and Europe.
Read more about this topic: Franz Vranitzky
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